The United States government has once again hit its borrowing limit. The government was permitted to borrow only through May 18, after which it can continue to operate without additional borrowing for about four months. Sometime this fall, Congress will have to raise the debt limit to prevent the United States defaulting on outstanding debt. The Republicans are demanding changes to entitlement programs – Social Security and Medicare – as a quid pro quo for their approval to raise the borrowing limit. President Obama has provisionally accepted these changes, if the Republicans agree to new taxes. The President has proposed a number . . .
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Good reads on tax reform status, strategies and challenges.
About 2 days ago from TheWashingtonUpdate's Twitter via Hootsuite
Andy shares stage w/ Raymond James CEO Paul Reilly. Discussion included tax reform, DOL and potential govt shutdown. ow.ly/UOXF30bgsNU
GOP status re "Obamacare" repeal and replace efforts: Freedom Caucus signing on, but will moderates sign off? ow.ly/y84730be35C
About 3 days ago from TheWashingtonUpdate's Twitter via Hootsuite
Infrastructure deal impact ow.ly/zeNe30be2th
Biz winners/losers ow.ly/3bix30be2Do
CBO finds Fed Ees are more richly compensated, ON AVG, compared to pvt sector employees. Education biggest variable. ow.ly/mt7P30bbRBq
About 4 days ago from TheWashingtonUpdate's Twitter via Hootsuite